Sep 22, 2022, 8:00AM+7:00
VOT Research Desk
Analytical Viewpoint NZD/USD
Daily Pivots: (S1) 0.5817; (P) 0.5822; (R1) 0.5834;
Holds,. Since September 1, NZD/USD has decreased by more than 4%. Prices are currently trading at the trend line from September 2021, which has served as support on numerous occasions this year.
A breach below the trend line would probably spark more selling and put the 2020 swing bottom at 0.5470 in danger.
A countertrend rise up to the 26-day Exponential Moving Average (EMA) is anticipated if prices hold, though.
|
S1 , 0.5817 |
|
S2,0.5805 |
|
S3 ,0.5800 |
|
R1,0.5834 |
|
R2,0.5839 |
|
R,0.5850 |
By using VOT support and resistance, traders can lower their risk exposure, better understand when to enter and exit trades, and have a favorable risk-to-reward ratio.
